2024-04-09 14:23:00 ET
Summary
- BlackBerry's fiscal Q4 results showed signs of improvement, with overall revenue beating estimates and growing nicely year over year.
- However, Q1 and full-year revenue guidance fell short of street expectations, leading to more analyst estimate cuts.
- BlackBerry's financial structure has improved with a debt deal, but the company still faces challenges in IoT growth and the CyberSecurity business.
One of the worst performing names that I've covered on this site has been BlackBerry ( BB ). The Canadian technology firm has seen its shares drop over the past decade plus as its legacy smartphone business evaporated and a pivot to software and services has taken much longer than expected. Recently, the company announced its fiscal Q4 results, and while the name may not be out of the woods just yet, there is more hope here than when I last checked in....
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BlackBerry: Finally Some Hope